Re:Ask HN: What are the next internet infra problems?
by yuliyp on Sunday April 10, 2022 @05:47PM
(#30982062)
web3 apps do have high transaction costs, but that's not really reducing the costs that the web3 app would have otherwise paid to have a local database. So it costs money, but the developer doesn't really earn anything because of it.
Re:Ask HN: What are the next internet infra problems?
by carlosdp on Sunday April 10, 2022 @09:58PM
(#30983722)
> but that's not really reducing the costs that the web3 app would have otherwise paid to have a local database
I'm not sure what you mean? It literally makes the cost to the developer 0 per user.
And the original developer can absolutely earn money this way. In fact, in web3 it's possible for frontend devs to earn money by creating better frontends to existing protocols utilizing referral fees that can be specified in calls to the protocol!
HN doesn't seem to like web3 very much yet, but one of the most positive innovations it brings is giving open-source apps a direct business model (instead of the usual "pro" and service org or hosted-version model). There are plenty of open-source apps making hundreds of millions or billions in revenue in this space!
Even utility open-source projects receive significant funding through projects like Gitcoin (https://gitcoin.co/).